Tx exempt bond issued at an annual 8 percent coupon rate


Tax exempt bond issued at an annual 8 percent coupon rate, matures in 20 years, par value $1,000.

If market rates are 8%, what is the market price of the bond?

If market rates fall to 5%, what is the market price of the bond?

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Financial Management: Tx exempt bond issued at an annual 8 percent coupon rate
Reference No:- TGS02369189

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